Intel (INTC, $47.73) crushes fiscal Q4 expectations
Intel reported fiscal fourth-quarter earnings that surpassed analysts’ expectations,
The cloud computing company’s adjusted earnings came in at $1.09, handily topping the $0.91 expected by analysts polled by Refinitiv.
Revenue of $19.5 billion also exceeded analysts’ estimate of $18.31 billion.
The company expected $18.3 billion in adjusted sales in the first quarter of 2022, higher than consensus expectations of $17.62 billion.
Revenue from Intel’s Client Computing Group – its largest business - fell -7% year-over-year to $10.1 billion. However, the figure was still higher than analysts’ average estimate of $9.6 billion, (according to FactSet poll).
According to CNBC, Intel CEO Pat Gelsinger said in an interview that the annual decrease in the group was a result of customers and PC makers shifting sales from quarter to quarter.
Revenue from Data Center Group rose +20% year-over-year to $7.3 billion, also beating expectations of $6.7 billion.
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Notable companies
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom Inc. (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), QUALCOMM (NASDAQ:QCOM), Texas Instruments (NASDAQ:TXN), Applied Materials (NASDAQ:AMAT), Intel Corp (NASDAQ:INTC), Lam Research Corp (NASDAQ:LRCX), Micron Technology (NASDAQ:MU).
Industry description
The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.
Market Cap
The average market capitalization across the Semiconductors Industry is 46.09B. The market cap for tickers in the group ranges from 13.43K to 2.76T. NVDA holds the highest valuation in this group at 2.76T. The lowest valued company is CYBL at 13.43K.
High and low price notable news
The average weekly price growth across all stocks in the Semiconductors Industry was -3%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 1%. QNCCF experienced the highest price growth at 30%, while MXL experienced the biggest fall at -43%.
Volume
The average weekly volume growth across all stocks in the Semiconductors Industry was 12%. For the same stocks of the Industry, the average monthly volume growth was 19% and the average quarterly volume growth was -0%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 58
P/E Growth Rating: 48
Price Growth Rating: 58
SMR Rating: 70
Profit Risk Rating: 62
Seasonality Score: 6 (-100 ... +100)